Dec 30, 2012 4:00pm PST
dealing with congressional issues? time is running out rapidly. >> should the wort happen and america effectively goes over the fiscal cliff, what will be the effects on the u.s. and, of course, the rest of the world? >> well, economists tell us -- tell us that if the u.s. goes over the fiscal cliff, just another word for a been crisis, by the way, just a budget crisis, really, economists tell us that if the fiscal cliff kicks in and all those tax increases happen and the deep spending cuts happen it could send the u.s. into recession and that could drag parts of the world with it. so, clearly, that's not very good. other economists would tell you look, if this all happens, it's going to go such a long way toward sorting out the u.s. deficit and debt problem that actually things would be ok, not as abad adds we think. many of the issues don't kick in on january 1, they kick in later in the year, maybe as late as july or august, so politicians actually have time to sort out some of the key issues. nonetheless, the politicians, in particular president obama and i think the key leaders o
Dec 22, 2012 2:00pm PST
america and you can see some very big showers going up to paraguay and into bolivia and also peru. we would like to see heavy rain during the course of sunday. the main concentration remained in northwestern part of brazil going toward ecuador. as you come southward of argentina, it is one are to showers likely. we might see some rain pushing up from the southwest during the latter part of the day. highs in santiago a route 29 degrees. in the caribbean is looking like a fine picture. we should see some showers coming into the northern coast. elsewhere in we've got scattered showers. further north is looking fine was sunny weather and highs of 23 degrees. in north america, at temperatures around 32 degrees. we have to weather systems moving in. this should make some really we go to our top stories. egyptians have less than two hours for the second and final round on a referendum on the constitution. the president'smahmoud mekki announced he was resigning. a senior minister and seven others have been killed in a suicide bomber attack in pakistan. the taliban is claiming responsibility.
Dec 28, 2012 7:00pm PST
a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be acceptable to the majority of republicans in the house, who control that body? if it is not, we may be having another confrontation, and go past the january 1 deadline, and we could see those tax increases go into effect. again, there is the